MC Forex Broker

MC Review SummaryRegistered Country/RegionHong KongRegulationRegulated by the Securities and Futures Commission of Hong KongMarket InstrumentsForex, CFDs, Stock Indices, Commodities, CryptocurrenciesDemo AccountNot MentionedLeverageUp to 10:1SpreadBetween 0.2 and 0.5 pips on currency pairsTrading PlatformWeb-based platform and mobile appMin DepositHKD 100MC Information MC Financial Services Limited is a financial institution based in Hong Kong, regulated by the Securities and Futures Commission of Hong Kong for dealing in futures contracts since April 20, 2018. The company offers many market instruments, including equities, futures contracts, foreign exchange (forex), bonds, and commodities. It offers accounts with a leverage of 10:01 and a spread between 0.2 and 0.5 pips on currency pairs.Pros and ConsProsConsRegulated by the Securities and Futures Commission of Hong KongThe main website is currently downSpreads start from 0.2 pipsMonthly fee for Premier AccountOffers a web-based and mobile trading platformIs MC Legit? MC has a license type of Dealing in futures contracts regulated by The Securities and Futures Commission (SFC) in Hong Kong with a license number of BLC140.What Can I Trade on MC? MC offers many tradable assets including forex, indices, commodities, and cryptocurrencies.Tradable InstrumentsSupportedForex✔Commodities✔Stock✔Indices✔Cryptocurrency❌Shares❌Metals❌Account Type MC Financial Services Limited offers two types of account options: the Basic Account and the Premier Account. The Basic Account does not require a monthly fee. The Premier Account imposes a monthly fee of HKD 100. However, specific details regarding additional benefits or features tied to each account type are not available.MC Fees The spreads are typically between 0.2 and 0.5 pips. MC Financial Services also charges commissions on trades, which are a fixed fee per trade. The commissions are typically between HKD 5 and HKD 10 per trade.Trading PlatformTrading PlatformSupportedAvailable DevicesSuitable forWeb-based platform and mobile app✔PC and MobileInvestors of all experience levelsDeposit and Withdrawal MC Financial Services allows customers to deposit and withdraw funds through a variety of channels, including online banking, mobile banking, ATMs, and bank branches. The minimum deposit amount is HKD 100 and the maximum withdrawal amount per day is HKD 10,000.